Which of the following organisations would be most likely to elect to order their assets on the statement of financial position according to liquidity?
A)Retailer.
B)Credit union.
C)Manufacturer.
D)Builder.

Question

Quizplus · Accepted Answer

Credit unions, being financial institutions, prioritize liquidity to meet withdrawal demands and other financial obligations. They order assets on the statement of financial position according to liquidity to reflect their ability to quickly convert assets into cash.

Which of the Following Organisations Would Be Most Likely to Elect